State lawmakers are considering an overhaul of Massachusetts’ fire code after the explosion at a chemical plant in Danvers damaged hundreds of nearby homes. The bill, filed by state Rep. Theodore Speliotis, D-Danvers, aims to make it easier for local …
A.M. Best Co. has upgraded the financial strength ratings (FSR) to “A” (Excellent) from “A-” (Excellent) and revised the outlook to stable from positive for A.I.M. Mutual Insurance Companies and its members. These are Associated Industries of Massachusetts Mutual Insurance …
Standard & Poor’s Ratings Services has assigned its “A-” rating to Travelers Companies Inc.’s $1.5 billion senior notes, which mature in 2012, 2017, and 2037. The company intends to use the proceeds to pay down its $442 million, 5.01 percent …
Going without health insurance is no day at the ballpark. That’s the message from the Boston Red Sox and the state panel overseeing Massachusetts’ landmark health care insurance law. The two are teaming up to launch a public education campaign, …
The U.S. House of Representatives has overwhelmingly passed a measure closing a loophole and blocking giant retailers like Wal-Mart and The Home Dept from owning industrial loan corporations, or ILCs. For ILCs already owned by commercial firms, the bill would …
Massachusetts Attorney General Martha Coakley has reached a $58.5 million settlement with American International Group (AIG), the workers’ compensation carrier for the Central Artery Tunnel (CA/T) Project, known as the Big Dig. Coakley said a review by her office found …
The 400 insurers of the American Insurance Association have seen the favorable results for the public as well as insurers when states have worked to increase competition and relax unproductive regulatory restraints. Recent legislation in Massachusetts (H. 1023) makes great …
Members of the media and officials from the U.S. Chemical Safety and Hazard Investigation Board are seen from inside a mixing tank on the site of a November 2006 chemical explosion at an ink manufacturing plant in Danvers, Mass. The …
Tow Truck Operators Nuts & Bolts: Swiss Re’s Commercial Insurance and BISYS launched a program for tow truck operators. Policies are underwritten by Westport Insurance Corp., a Swiss Re company, and are backed by Swiss Re. The program provides specialty …
Declarations Every opportunity “Independent agents continue to hold their own in terms of market share despite unprecedented advertising campaigns from direct writers. The independent agent distribution model is viable, flexible and entrepreneurial. Opportunity exists for independent agents and brokers in …
